SeaSpine is a medical technology company focused on the design, development, and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. The Company has a comprehensive portfolio of orthobiologics and spinal fusion hardware solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. SeaSpine's orthobiologics products consist of a broad range of advanced and traditional bone graft substitutes that are designed to improve bone fusion rates following a wide range of orthopedic surgeries, including spine, hip, and extremities procedures.
Type
Public
HQ
Carlsbad, US
Founded
2015
Size (employees)
310 (est)
SeaSpine was founded in 2015 and is headquartered in Carlsbad, US
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SeaSpine Office Locations

SeaSpine has an office in Carlsbad
Carlsbad, US (HQ)
5770 Armada Dr
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SeaSpine Financials and Metrics

SeaSpine Financials

SeaSpine's revenue was reported to be $131.81 m in FY, 2017
USD

Revenue (Q1, 2018)

33.2 m

Gross profit (Q1, 2018)

21 m

Gross profit margin (Q1, 2018), %

63.3%

Net income (Q1, 2018)

(7.1 m)

EBIT (Q1, 2018)

(7.1 m)

Market capitalization (15-Jun-2018)

204.2 m

Closing share price (15-Jun-2018)

14.1

Cash (31-Mar-2018)

12.5 m
SeaSpine's current market capitalization is $204.2 m.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

133.2 m128.9 m131.8 m

Revenue growth, %

(3%)

Cost of goods sold

61.1 m55.5 m51.8 m

Gross profit

72.1 m73.3 m80 m
Quarterly
USDQ1, 2018

Revenue

33.2 m

Cost of goods sold

12.2 m

Gross profit

21 m

Gross profit Margin, %

63%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

33.4 m14.6 m10.8 m

Accounts Receivable

11 m

Inventories

51.3 m45.3 m41.7 m

Current Assets

113.7 m82.7 m76.4 m
Quarterly
USDQ1, 2018

Cash

12.5 m

Inventories

43.3 m

Current Assets

78.2 m

PP&E

21.7 m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(55.5 m)(43.2 m)(32.1 m)

Depreciation and Amortization

12.4 m11.8 m10.9 m

Inventories

(8.4 m)1.4 m1.2 m

Accounts Payable

5.8 m(5 m)(2.1 m)
Quarterly
USDQ1, 2018

Net Income

(7.1 m)

Depreciation and Amortization

2.6 m

Inventories

(1.9 m)

Accounts Payable

754 k
USDY, 2018

Financial Leverage

1.2 x
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SeaSpine Operating Metrics

FY, 2016

Patents Issued

3
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SeaSpine Online and Social Media Presence

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SeaSpine News and Updates

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